Summary - 103 GRIMSBY ROAD CLEETHORPES DN35 7DD
1 bed 1 bath Commercial Property
Income-producing property with portfolio option and coastal footfall appeal.
Corner position with strong pedestrian and road visibility
A two‑storey mixed‑use freehold on a prominent corner of Grimsby Road, offering immediate pedestrian and road visibility. The ground floor trades as a café; the self‑contained first‑floor flat is let as an AST, giving a combined income of £11,206.88 pa and an indicated net initial yield of 8.70% (assuming typical purchaser costs).
The building totals approximately 1,442 sq ft and sits within a densely populated residential area close to local amenities, public transport and seasonal coastal footfall — useful for trading businesses. The property can be purchased individually or as part of an existing portfolio of nearby mixed‑use units.
Notable negatives are material to investment decisions: the ground‑floor lease runs only to 20/08/2030 and the area records high crime and very high deprivation levels, which can affect tenancy risk and future rental growth. The plot is small, and the building will suit buyers comfortable managing a town‑centre asset with refurbishment or active management needs.
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